Last 48 quarters of trend data · Real Estate · REIT - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Iron Mountain Incorporated's quarterly P/E stands at 53.2x, down 86.6% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 32.7% YoY to 14.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 258.73 | 53.20 | 69.13 | 91.02 | — | 396.86 | 75.08 | — | 186.71 | 80.21 | 181.30 | 47.94 | 35512.50 |
| — | -86.6% | -7.9% | — | — | +394.8% | -58.6% | — | -99.5% | +33.4% | +511.0% | +187.9% | +198285.7% | |
| P/S Ratio | 5.46 | 3.94 | 3.36 | 4.33 | 4.42 | 4.02 | 4.92 | 5.60 | 4.32 | 4.01 | 3.64 | 3.15 | 3.07 |
| — | -1.8% | -31.8% | -22.7% | +2.4% | +0.2% | +35.4% | +77.8% | +40.7% | +35.9% | +27.4% | +26.1% | +11.2% | |
| P/B Ratio | — | — | — | — | — | — | — | — | 508.77 | 119.67 | 52.97 | 41.08 | 32.05 |
| — | — | — | — | — | — | — | — | +1487.5% | +394.9% | +165.6% | +100.4% | +67.8% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 73.53 | — | — |
| — | — | — | — | — | — | — | — | — | — | +74.8% | — | — | |
| EV / EBITDA | 23.30 | 14.49 | 16.71 | 21.31 | 23.03 | 21.52 | 21.82 | 26.14 | 22.65 | 20.99 | 19.67 | 18.35 | 18.20 |
| — | -32.7% | -23.4% | -18.5% | +1.7% | +2.6% | +10.9% | +42.4% | +24.4% | +23.1% | +29.5% | +33.6% | +32.0% | |
| EV / EBIT | 40.27 | 21.53 | 26.96 | 38.92 | 65.67 | 46.41 | 35.98 | 76.23 | 46.51 | 36.97 | 43.48 | 31.60 | 49.86 |
| — | -53.6% | -25.1% | -48.9% | +41.2% | +25.5% | -17.2% | +141.3% | -6.7% | +14.0% | +80.6% | +39.5% | +151.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Iron Mountain Incorporated's operating margin was 20.4% in Q1 2026, up 1.9 pp QoQ and up 4.4 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 17.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.7% | 54.0% | 55.4% | 54.9% | 55.9% | 55.4% | 56.4% | 56.4% | 55.9% | 55.8% | 57.6% | 57.3% | 56.4% |
| — | -2.5% | -1.9% | -2.8% | -0.1% | -0.7% | -2.1% | -1.6% | -0.7% | -1.3% | -0.2% | -0.4% | -0.9% | |
| Operating Margin | 20.4% | 20.4% | 18.5% | 17.6% | 15.2% | 16.0% | 17.9% | 16.1% | 15.0% | 16.6% | 16.3% | 17.1% | 15.7% |
| — | +27.8% | +3.6% | +9.1% | +1.2% | -4.0% | +9.9% | -5.9% | -4.1% | -9.2% | -16.2% | -22.8% | -31.3% | |
| Net Margin | 2.1% | 7.4% | 4.8% | 4.8% | -2.6% | 1.0% | 6.6% | -2.2% | 2.3% | 5.0% | 2.0% | 6.6% | 0.0% |
| — | +640.8% | -26.3% | +322.6% | -212.5% | -80.0% | +227.7% | -132.9% | +27661.9% | +2.0% | -79.0% | -56.1% | -99.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -332.2% | 28.6% | 25.2% | 7.0% | 19.2% | 0.0% |
| — | — | — | — | — | — | — | -1826.4% | +145956.6% | +167.9% | -61.2% | -31.2% | -99.9% | |
| ROA | 0.7% | 0.7% | 0.4% | 0.4% | -0.2% | 0.1% | 0.6% | -0.2% | 0.2% | 0.4% | 0.2% | 0.5% | 0.0% |
| — | +704.7% | -23.5% | +323.9% | -213.7% | -80.0% | +237.2% | -134.0% | +28457.1% | +5.9% | -78.4% | -55.8% | -99.9% | |
| ROIC | 6.2% | 2.8% | 1.4% | 1.3% | 1.2% | 1.2% | 1.3% | 1.2% | 1.1% | 1.2% | 1.2% | 1.3% | 1.1% |
| — | +142.8% | +6.2% | +9.1% | +2.3% | -4.0% | +13.6% | -2.6% | -0.3% | -5.9% | -14.2% | -23.4% | -32.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Iron Mountain Incorporated's Debt/EBITDA ratio is 6.4x, down from 29.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 24.8% YoY to 0.77x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | 295.39 | 76.98 | 37.94 | 33.19 | 26.44 |
| — | — | — | — | — | — | — | — | +1017.1% | +266.2% | +109.0% | +63.8% | +58.4% | |
| Debt / EBITDA | 7.84 | 6.42 | 29.18 | 32.37 | 34.31 | 34.67 | 30.17 | 32.73 | 33.40 | 33.02 | 33.04 | 32.99 | 33.08 |
| — | -81.5% | -3.3% | -1.1% | +2.7% | +5.0% | -8.7% | -0.8% | +1.0% | +3.6% | +13.6% | +20.0% | +27.8% | |
| Current Ratio | 0.74 | 0.77 | 0.74 | 0.66 | 0.63 | 0.62 | 0.55 | 0.75 | 0.79 | 0.86 | 0.78 | 0.81 | 0.78 |
| — | +24.8% | +34.8% | -11.6% | -20.3% | -28.0% | -29.4% | -8.2% | +1.7% | +7.2% | -3.8% | -10.0% | -9.7% | |
| Quick Ratio | 0.74 | 0.77 | 0.74 | 0.66 | 0.63 | 0.62 | 0.55 | 0.75 | 0.79 | 0.86 | 0.78 | 0.81 | 0.78 |
| — | +24.8% | +34.8% | -11.6% | -20.3% | -28.0% | -29.4% | -8.2% | +1.7% | +7.2% | -3.8% | -10.0% | -9.7% | |
| Interest Coverage | 1.28 | 1.77 | 1.72 | 1.44 | 0.87 | 1.16 | 1.61 | 0.89 | 1.27 | 1.56 | 1.33 | 1.59 | 1.04 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Iron Mountain Incorporated's current P/E is 258.7x. The average P/E over the last 3 quarters is 71.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Iron Mountain Incorporated's current operating margin is 20.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Iron Mountain Incorporated's business trajectory between earnings reports.